FormFactor (FORM) Lowers Q4 Guidance
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FormFactor, Inc. (Nasdaq: FORM) now expects fourth quarter revenue to be between $37 to $41 million, lower than the previous expectation of $48 to $55 million and the consensus of $52.5 million.
FormFactor also said earnings per share, operating expenses and gross margins will be below the guidance previously communicated.
FormFactor said the lower than expected results are due primarily to increased weakness among memory customers. This weakness has resulted in a decrease in design activity and a delay in technology transitions, which are negatively impacting FormFactor's revenue and profitability.
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